Frontline Ltd. - VLCC "Front Vista"

February 5, 2010


The Board of Frontline Ltd. (the "Company" or "Frontline") announces that it has agreed to acquire the VLCC "Front Vista" (the "Vessel") from Ship Finance International Limited at a purchase price of USD 58.5 mill.

Frontline has furthermore agreed to sell the Vessel and the Buyer will settle the purchase price through the payment of instalments over a 10 year period. The Buyer has secured a 10 year time charter with a State owned oil company at a gross rate of USD 43,500 per day during the entire charter period.

The transaction reflects the Company's goal of securing long term coverage for parts of its fleet.

Frontline Ltd.